Foreign Buyers Take a Pounding in London

Chinese, Asian and Russian buyers are finding their taste for London luxury properties severely tested.

Bloomberg News reports that a combination of factors–including a sharply appreciating pound, sliding real estate values and a confidence-shaking sales tax–are contributing to a waning interest in the London’s high-end real estate market from investors from these regions.

London prime property purchases from these groups broke down along the following lines between the second half of 2014 and the first half of 2015: